China has unveiled the world’s first automated teller machine (ATM) with inbuilt facial recognition technology to reduce the risk of theft.
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The new cash machine, developed by Tsinghua University and Hangzhou-based Tzekwan Technology, will use a camera to scan the faces of customers which will then be compared to images on file to identify the users, reported Chinese state media.
The new machines will operate based on big data technology, including the identification of biological characteristics and will be able to identify the cardholders if their facial features have changed.
The new ATMs, which will be linked with banks and local police offices to track financial crimes, will also record the serial number of every note deposited by clients to identify fake bank notes.
Tzekwan Technology chairman Gu Zikun said: "This technology will ensure the greater security of card owners."
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By GlobalData
